US Retail Investors Intend To Invest In Cardano Rather Than Bitcoin

8 out of 10 US Retail investors intend to invest their satoshis in Cardano rather than Bitcoin according to the new survey results that we have in our latest Cardano news below.

A report by Voyager Digital suggests that the US retail investors are much more bullish on Cardano than they are on Bitcoin and 80% of the retail investors plan to purchase more BTC in March. BTC staged a comeback in the few days but investors are turning their attention to Cardano mostly and this is a huge finding by the Digital Asset Investor Sentiment Survey that was conducted by Voyager Digital. The survey found that 31.8% of investors that were polled described themselves as most bullish on Cardano against 22.2% for Bitcoin while ADA hit an all-time high of $1.48 and became the largest third-biggest cryptocurrency by market cap. The third and fourth rankings in the survey went to ETH at 12.2% and DOT at 6.3%. Steve Ehrlich who is the CEO of Voyager Digital said:

 “This clearly demonstrates the enthusiasm that our user base has towards cryptocurrencies, both from the investment and trading perspectives. Of course, everyone is talking about Bitcoin these days, but seeing Cardano coming ahead of it was a really big surprise for us.”

In his view, the Survey results show how the crypto space became a diverse ecosystem with a growing number of crypto assets for investors to choose from. Despite BTC’s 26% dip in February, the retail investors are bullish on the asset’s prospects and the survey also found that the majority of the investors expect BTC’s price to reach between $51,000 and $60,000 by the end of March with 80% of the participants planning to buy more BTC in March.

The respondents took a bullish view of crypto and saw investor sentiment score 8 out of 10 where 1 indicated extreme bearishness and 10 extreme bullishness for both the next 6 and 12 months. One in five agrees that BTC is now in bubble territory. The respondents didn’t rule out a bear market and most of the investors expect the price to drop between 20% and 40% but with 60% of the respondents remaining confident that BTC and other assets represent a store of value and will replace metals like gold, equities, and government bonds.